"There's No Threat to Capitalism Like Capitalists"

Note---
I hope you don't leave this piece before reading the portion about Trump and Mnuchin.  Though the topic below is a bit of history, I do relate it to the players of today.  Plus, I suspect much of the history relayed in the video is mostly unknown to many or most people.
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There's a link below to an interview of William K. Black by Bill Moyers.  Black was a bank regulator key to the production of about a thousand criminal referrals in the Savings & Loan fraud in the 1980's.  He's also a Professor of Economics and Law, and in my view, a genuine American hero.  For more than a quarter century, he has worked tirelessly to expose the ongoing ripoff of the American public by Mega Banks and their political Cronies in DC.
https://www.youtube.com/watch?v=tXWaAQpofqE&amp=&index=28&amp=&list=WL

In the above clip, Black explains exactly what caused the 2008 Crash and the complicity of Obama, Holder, Geithner, Jamie Dimon, and others.  He also tells us why the same thing will happen again.  This general topic may be old news, but the details in this interview are revealing, breathtaking, and largely unknown by the "average" American.  It's a Must-See, and brutally relevant to today.

Capitalism is a great economic system, but without strong regulations and enforcement it becomes Crony Capitalism-Casino Capitalism-Surveillance Capitalism and a Kleptocracy for the Super-Rich.  History supports that contention.  There's no question about it.

So, what about Trump relative to this essay?  That's probably an eight-hour conversation.  Briefly, though, here are some points to consider---
1.  Elsewhere in this venue, I've explained why he owes Bankers big-time, both literally & figuratively.
2.  He and his Crew are decimating regulations across the board, including Banking regulations.
3.  His Secretary of the Treasury is Mnuchin, who was more or less a foreclosure king during the last Crash.  Because he would make millions, he was overheard saying prior to the last bursting of the Housing Bubble, "I'm hoping for a real estate crash".  He was a Goldman Sachs Banker for 17 years.  He financially supported Hillary in her Primary run against Obama, and then supported Obama in his run against McCain.  He has strong ties to Wall Street, and apparently, no defining political ideology.  In some ways, he's another Paulson.

None of the above speaks well for Trump in relation to the coming Crash.  The Mega Bankers again will make out like the bandits they are...at our expense.

Not only my opinion.  Be Well
p.s.  The title quote is from William K. Black, and it's in the video interview.

Three More Blatant Lies by Our Oval Office Occupier

Note---  The following quotes may or may not be exactly as spoken.  Any error is quite minimal, and does not change the meaning of the precise quote.

1.  "We now have the greatest economy in our history."  Ha!  Not even close to that, Don Corleone.  It's only great for perhaps the upper 15% or so of income earners.  Everyone else is barely keeping even, or falling behind.  The median income in this country is only $33,188; that means half of us make less.  Asset Bubbles (a type of inflation) and the Debt Bubble are larger than just before the 2008 Crash.  Financial derivatives still are a massive problem.  Casino Capitalism and Crony Capitalism still are setting us up for the next Bust... which, by the way, is overdue.  If you don't believe that, simply look at the time intervals between Booms & Busts from the 1973 Recession to present day.  No one, including you, has eliminated the Boom-Bust Cycle.

2.  "We also now have the greatest employment in our history."  Wrong again.  See this post of mine to understand why Gov't employment/unemployment stats are almost always wrong...including those put out by your Crew---
http://individualsovereignty.blogspot.com/2018/02/the-real-state-of-union-rather-than.html
The piece also explains why Gov't inflation stats are extremely misleading.

In both cases above, today's stats are dwarfed by those of the Golden Age of American Capitalism.  During that time, not only was the economy booming, manufacturing growing, and Business thriving, but mega corporations were being taxed at up to 90%.  With its length of twenty-plus years, that economy makes today's look like an unmitigated disaster.

3.  This last quote is in relation to the Mueller Hearing that took place Wednesday.  "Under Article II [of the Constitution], I have the right to do anything I want to."  What planet are you on, Don?  Good grief.  Even a cursory examination of Article II shows that, except during times of declared war, the Presidency actually is a rather modest Office.  Perhaps you were gaslighting when you made that particular statement.  You have a penchant for trying to confuse people with outrageous claims and obvious lies.  Unfortunately for you, most of us see through your dangerous childishness.  Now we just have to convince your cult following that you're a total fraud.

Not only my opinion.  Everyone Be Well
p.s.  For any new visitors here, I'm not a Democrat or a Republican.

Trump---and the Obama-Mega Banking Cartel Legacy

https://www.youtube.com/watch?v=tXWaAQpofqE&index=28&list=WL

Here's (the above link) Obama's keep-out-of-jail card (because of the $ you gave my election campaigns) for JP Morgan Chase/Jamie Dimon and the other Mega Banks.  [Dubya Bush was no better.]  As W.K. Black points out, they all should have & could have been prosecuted.

Now we have Trump...who probably owes up to a billion $ to various Mega Banks.  No problem there.  :)

Democrats are talking about "resistance" to the new regime.  That's all well & good, but Establishment Democrats need to be resisted as well.  Most likely, 99.9% of them are promoters of Corporatist, Wall Street, Casino Capitalism.  They're Crony Capitalists of the highest order.

Not only my opinion.  Be Well

Wall Street Loves the Iowa Winners

Even though the race between Clinton & Sanders arguably could be considered a tie, technically the multi-millionaire Clinton appears to have won.  Cruz, also a multi-millionaire, won on the Repub side.  [The Clintons, ~ $45 million total net worth; Cruz & his wife, ~ $3.5 million total net worth.]  SSDD.

Wall Street has contributed millions of dollars to both candidates.  Clinton has made more money giving speeches to Wall Street Banks than has husband Bill.  Cruz's wife works for Goldman Sachs.  SSDD.

Does all that prove anything?  No, but it is highly suggestive.  Each of those candidates is working hard to convince voters that he/she is a Populist.  The question arises:  why would Wall Street support a Populist candidate?  I can't think of one good reason.  In both 2008 & 2012, Wall Street gave more in campaign donations to Obama than to the Repub candidates.  Obama, the Corporatist who poses as a Populist.  Wall Street knows who's who...even today.  [I suppose one could argue that Wall Street conceivably could contribute to a Populist candidate in order to attempt to corrupt said candidate.  That was unnecessary in Obama's case; he already was a Corporatist.  His record proves that.]

It's too bad that the Corporate Media talking heads don't/won't ask all current candidates the following.
1.  Will you push for the reinstatement of Glass-Steagall in order to put a stop to Casino Capitalism in which Big Banks use our money with which to gamble?
2.  Will you push for the break-up of the monopolistic Big Banks?
3.  Will you push for stiff regulations concerning bizarre financial derivatives so that Wall Street gambling bets on them won't crash our economy as they did in 2008 and are doing now?  [Presently, massive oil derivatives are on the cusp of crashing the financial & economic systems again.  Never mind the derivatives on most all other commodities.  As a result, many (perhaps most) 401(k)s already have lost a few thousand dollars each.  SSDD.]
4.  Will you make a promise to NOT appoint Wall Streeters to Financial & Economic positions in your Administration?
5.  Will you promise to push for a full audit of the Fed Reserve?  [Wall Street pundits and the Fed itself often say that the Fed has been audited in the past...that's true, but it's always a restricted audit, never a full audit.  Trillions of dollars are unaccounted for.]

Too bad, indeed.  SSDD.

Not only my opinion.  Be Well